Where Are The Jobs? Obama vs Obama
July 20th, 2009 by drs
President Obama changes course on the stimulus. Where are the jobs? House Republicans offer a real plan to create jobs and get our economy moving again.
Cap and Trade: It’s an Energy Tax
June 23rd, 2009 by drs
#tcot #tlot Call your congressman (202-224-3121) to let him know you are against another oppressive tax, especially in the midst of a deep recession! The Energy Tax bill (HR2454) goes to the floor for a vote on Friday (June 26th).
President Obama has said that cap and trade would cause electricity prices to skyrocket. Do you have an extra $1,500 a year to spend on energy?
Tags: barack obama, Cap and Trade, congressman, Economy, electricity prices, energy, energy tax, federal government, recessionPosted in
Moline, Illinois – Teaparty – Stop Generational Theft
April 15th, 2009 by drs
#teaparty
Here’s some photos from the tax-day Tea Party held near South Park mall in Moline, Illinois
Moline Tea Party
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Tags: ayn rand, capitalism and freedom, Economy, free market capitalism, freedom, galt, government, Illinois, Moline, Money, prosperity, Quad Cities, socialism, tax increases, taxes, Tea PartyPosted in
Davenport, Iowa – Teaparty – Silent No More
April 15th, 2009 by drs
Here’s some photos from the tax-day Tea Party held at 4th and Main in Davenport, Iowa.
Silent No More
Tags: ayn rand, capitalism and freedom, Davenport, Economy, free market capitalism, freedom, galt, government, Iowa, Money, prosperity, Quad Cities, socialism, tax increases, taxes, Tea PartyPosted in
Obamas So-Called Stimulus: Good For Government, Bad For the Economy
March 22nd, 2009 by drs
Here’s another interesting video from: www.freedomandprosperity.org
President Obama wants Congress to dramatically expand the burden of government spending. This CF&P Foundation mini-documentary explains why such a policy, based on the discredited Keynesian theory of economics, will not be successful. Indeed, the video demonstrates that Obama is proposing – for all intents and purposes – to repeat Bush’s mistakes. Government will be bigger, even though global evidence shows that nations with small governments are more prosperous.
Tags: bush, Economy, keynesian theory of economics, obama, policy, President Obama, stimulusPosted in
Keynesian Economics Is Wrong: Bigger Gov’t Is Not Stimulus
March 19th, 2009 by drs
Based on a theory known as Keynesianism, politicians are resuscitating the notion that more government spending can stimulate an economy. This mini-documentary produced by the Center for Freedom and Prosperity Foundation examines both theory and evidence and finds that allowing politicians to spend more money is not a recipe for better economic performance.
Tags: economic performance, Economy, freedom, government spending, keynesian economics, Keynesianism, Money, politicians, prosperity, stimulusPosted in
The Obama Rosetta Stone
March 15th, 2009 by drs
Excerpts from the Wall Street Journal piece The Obama Rosetta Stone
The piece refers to “A New Era of Responsibility: Renewing America’s Promise. The President’s Budget and Fiscal Preview” This is the U.S. budget for laymen, and it’s a must read.
Mr. Obama made clear in the campaign his intention to raise taxes on this income class by letting the Bush tax cuts expire. What is becoming clearer as his presidency unfolds is that something deeper is underway here than merely using higher taxes to fund his policy goals in health, education and energy.
About: The Community Reinvestment Act
February 22nd, 2009 by drs
The Community Reinvestment Act has been a topic of discussion as a cause for the sub-prime mortgage crisis and the subsequent financial problems of recent history.
Howard Husock’s article The Trillion-Dollar Bank Shakedown That Bodes Ill for Cities published in the City Journal‘s Winter 2000 issue explains CRA’s history and the politics behind it.
The Clinton administration has turned the Community Reinvestment Act, a once-obscure and lightly enforced banking regulation law, into one of the most powerful mandates shaping American cities—and, as Senate Banking Committee chairman Phil Gramm memorably put it, a vast extortion scheme against the nation’s banks. Under its provisions, U.S. banks have committed nearly $1 trillion for inner-city and low-income mortgages and real estate development projects, most of it funneled through a nationwide network of left-wing community groups, (more…)
Cutting the U.S.’s Corporate Tax Rate
February 12th, 2009 by drs
This stuff makes so much sense to me! Why is our government punishing our workers and our economy by keeping our corporate rates so high?
A video by CF&P Foundation explaining why the U.S. needs to cut its corporate tax rate to stay competitive with the rest of the world.
Read the article at The Tax Foundation to learn how our states rate as compared to countries around the world. (see Excel worksheet)
Many states impose state corporate income taxes at rates above the national average of 6.6 percent. Iowa, for example, imposes the highest corporate tax rate of 12 percent, followed by Pennsylvania’s 9.99 percent rate and Minnesota’s 9.8 percent rate. When added to the federal rate, these states tax their businesses at rates far in excess of all other OECD countries.
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Tags: competition, competitiveness, corporate tax rate, Economy, tax foundation, world tradePosted in
The Laffer Curve, Part I: Understanding the Theory
February 10th, 2009 by drs
What is the Laffer Curve? I’m sure you’ve probably heard it mentioned in the news. The following video the the Center for Freedom and Prosperity does a great job explaining the Laffer Curve.
The Laffer Curve charts a relationship between tax rates and tax revenue. While the theory behind the Laffer Curve is widely accepted, the concept has become very controversial because politicians on both sides of the debate exaggerate. This video shows the middle ground between those who claim “all tax cuts pay for themselves” and those who claim tax policy has no impact on economic performance. This video, focusing on the theory of the Laffer Curve, is Part I of a three-part series. Part II reviews evidence of Laffer-Curve responses. Part III discusses how the revenue-estimating process in Washington can be improved. For more information please visit the Center for Freedom and Prosperity’s web site: www.freedomandprosperity.org.
For more information: www.freedomandprosperity.org
Tags: economic performance, Economy, freedom, freedomandprosperity.org, laffer curve, politicians, Politics, prosperity, tax cuts, tax ratesPosted in
